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High-class department store chain Le Printemps will open its first new outlet for 32 years just down the road from the Mona Lisa, hoping well-heeled tourists will help it counter slowing sales in the luxury sector.

The sale of French department store Printemps to Qatari investors could be a done deal by as early as this summer as the timetable for presenting the deal to its staff is now set, people close to the proposed deal...

Thailand's Central Retail Corporation Ltd said on Monday it wanted to strengthen La Rinascente SpA, the upmarket Italian department store chain it bought last week, and aimed to take the brand global within five years.

Italy's upmarket department store chain La Rinascente expects sales in 2010 to rise by at least 5 percent as it concentrates on opening and renewing stores in its home market, a top executive said on Wednesday.

Sven Ley, the son of Escada founder Wolfgang Ley, has teamed up with the former head of Gucci, Giacomo Santucci, and Italian investment group Borletti to mount a rescue bid for the German luxury fashion house.

The administrator for Christian Lacroix hopes owners Falic Group can reach an agreement with Italian businessman Maurizio Borletti on a rescue plan for the French fashion house by the end of the month.

The judicial administrator of failed French fashion house Christian Lacroix said a bid by Italian group Borletti, associated with the Rinascente department store group and the designer himself, was "serious".

German retailer Metro on Wednesday 10 June denied a press report it was thinking about selling to an Italian investor the combined department store group it hopes to create with insolvent Arcandor's Karstadt chain.